Ford Raises F-150 Lightning Prices Yet Again amid Supply-Chain Nightmare

• Ford confirmed to Automotive and Driver that the F-150 Lightning will see a further value hike for the 2023 model yr.
• The bottom Professional model will now begin at $53,769, together with the $1795 vacation spot payment, whereas the highest Platinum model will attain north of $97,000.
• Ford says the value improve is the results of provide chain points and better materials prices, seemingly for the metals used to make the electrical truck’s battery.

Ford is but once more jacking up the value of the F-150 Lightning. The electrical pickup truck noticed a considerable value improve in August for the 2023 model yr, however now the associated fee to buy a Lightning has risen even greater, as first reported by CNBC. The bottom Lightning Professional, which initially began at $41,769 for the 2022 model yr, will now begin north of $50,000.

Ford wouldn’t specify the brand new costs. Nevertheless, CNBC reported at present that the Professional model will begin at $51,974, though that’s believed to not embrace the $1795 vacation spot payment. The roughly $5000 improve is anticipated to have an effect on the complete vary, placing the top-dog Platinum trim over $97,000.

In an announcement to Automotive and Driver, Ford confirmed the value hike, attributing the modifications to “ongoing supply-chain constraints, rising materials prices, and different market elements.” The coronavirus pandemic, and subsequent provide chain issues, noticed the costs of uncooked supplies skyrocket, together with cobalt, nickel, and lithium which can be used extensively in electrical automobiles’ batteries. Provide-chain disruptions are exacerbating the issue, with Ford estimating it is going to log round $1 billion in sudden provider prices within the third quarter. A number of automakers have boosted costs, together with Common Motors, Lucid Motors, Tesla, and Rivian. Ford additionally added $3000 to $8100, relying on the trim degree, to the Mustang Mach-E’s value in August.

Ford mentioned that prospects who’ve already ordered the truck and are awaiting supply, in addition to business and authorities order holders, is not going to be topic to the value improve. This implies the brand new value will solely apply to new orders of the Lightning, and Ford additionally mentioned that the corporate will “proceed to observe pricing throughout the model yr,” leaving open the potential for a lower ought to uncooked materials prices drop and supply-chain points get ironed out, though we wouldn’t suggest holding out hope.

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